Real Estate Development MCQ Cheat Sheet
Study Guide Quizzes & Correct Answers
No. Question & Options Answer
1 To determine whether or not we are paying a fair price when we Check prices of
purchase a property, we should: comparables
- Ask the neighbors
- Read up on national real estate trends
- Check prices of comparables
- Make sure we have enough money
2 Real estate development involves 'art' and 'science'. The 'science' Underwriting
part comes from: - Our basic intelligence
- Past history
- Degree of luck
- Underwriting
3 The following would be considered a type of real estate asset. All of the above
- Condominium
- Hotel
- Office
- All of the above
4 Condos usually have no rules False
- True
- False
5 When purchasing a co-op, you can always find out (beforehand) if Not true always, but
there is underlying debt on the property usually you can
- Not true always, but usually you can
- You are not worried about this since this is someone else’s debt
- Both of the above are true
- None of the above are true
Study Guide Quizzes & Correct Answers
No. Question & Options Answer
1 To determine whether or not we are paying a fair price when we Check prices of
purchase a property, we should: comparables
- Ask the neighbors
- Read up on national real estate trends
- Check prices of comparables
- Make sure we have enough money
2 Real estate development involves 'art' and 'science'. The 'science' Underwriting
part comes from: - Our basic intelligence
- Past history
- Degree of luck
- Underwriting
3 The following would be considered a type of real estate asset. All of the above
- Condominium
- Hotel
- Office
- All of the above
4 Condos usually have no rules False
- True
- False
5 When purchasing a co-op, you can always find out (beforehand) if Not true always, but
there is underlying debt on the property usually you can
- Not true always, but usually you can
- You are not worried about this since this is someone else’s debt
- Both of the above are true
- None of the above are true
